By Paul Ploumis (ScrapMonster Author)

December 08, 2015 12:55:34 AM

ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country rebounded significantly during the week ended December 5^th, 2015. The production had recorded sharp decline of 4.8% during the week prior to this.

The total domestic raw steel output during the week ending December 5^th was 1,553,000 net tons. The AISI data indicates that the US raw steel production has increased significantly by 4.4% during the week. This is in comparison with the previous week (ie., the week ended Nov 28^th)  production figures of 1,487,000 net tons. However, the weekly output represents a sharp decline of 14.3% in comparison with production of 1,812,000 net tons during same week the previous year.

The capability utilization rate of US steel makers surged to 65.0% during the week ended Dec 5^th, 2015.

The capacity utilization rate has witnessed significant rise when compared with 62.2% during the previous week (ie., the week ending November 28^th). However, capacity utilization was considerably lower when compared with the rate of 75.3% during same week the previous year.

The region-wise comparative weekly production figures are provided below:-    

The American Iron and Steel Institute (AISI) is an association of North American steel producers. AISI's member companies represent over three quarters of both U.S. and North American steel capacity.